Training RISK-MANAGEMENT

Training "RISK-MANAGEMENT"

Dates: October 3-4

TARGET AUDIENCE

• The heads and specialists of departments of personnel administration, sales, marketing, finance, customer service, production, purchases, information technologies interested in increase of stability of the organization through effective management of risks
• The directors and specialists of departments of risk management, internal audit, internal control, control and auditing management focused on creation and an assessment of an effective control system of risks.

ACTION PURPOSE

• To understand benefits of risk management in the organization
• To understand influence of effective management of risks on quality of corporate management
• To define powers and responsibility of heads and employees in risk management
• To train in process of management of risks according to the best practice and prospects of an emerging market
• In details to sort the main methods of management of risks on business processes applied in the conditions of economic uncertainty.

PROGRAM OF THE COURSE

1st day

• Increase of stability of the organization: need of risk management
• Risk management practice development: the saved-up experience and prospects of an emerging market
• The integrated control system of risks: modern concepts
• The COSO "Risk management" model - Enterprise Risk Management. Detailed analysis of components of the COSO ERM model and practical application
• Statement is more whole taking into account the changing economic conditions
• Methods of identification of risks
• Assessment of risks on the importance and probability. Risk assessment options (qualitative and quantitative). Ranging of risks
• Response to risks. Measures for risk management: decrease in risk, transfer of risk, acceptance of risk, refusal of risk. Kontroli
• Practical task (Case Study): Identification of risks and development of measures of risk management for business processes

2nd day

• Internal environment: necessary practice of work with personnel and Code of ethics
• Information and communications: signs of qualitative information and necessary communication channels
• Monitoring: bases of an assessment of process of management of risks
• Distribution of powers and responsibility. A role and tasks of the managing director of risks (CRO - Chief Risk Officer)
• Role and problems of internal audit
• Practical task (Case Study): Map development of risks and documenting of process of management of risks according to the best practice.